یکی از تحلیل های قرار گرفته برای بیتکوین (#BTC/USDT)As it was said, the described setup turns invalid in case we break the $51000 support, unfortunately it happened. We can say that now the correction is over. Here are the reasons:
1. ABC downwards correction has completed its formation.
2. People started panicing only now. The great indicator of this factor is Fear & Greed Index which stood at the same point (75 - 79) after the dump from $60000 to $55000, but instantly dumped to 55 after the recent BTC dump.
3. Oversold on all TFs up to 1D
4. There was no scam fakeout above the $60000 level, therefore we have a bunch of opened SHORT positions which are in profit for now
5. As it was said in the previous point, there are a bunch of opened SHORT positions currently, so we need at least some upward movement to make them close it.
Sum up: we just averaged our spot position near the $48000 level and placed some buy orders at $45500, $46000 and $47000. We are NOT BEARISH.
@Scalp_Signal
